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Pizza Pizza RoyaltyFRA:3IA -0.64%52 Return-on-Tangible-Asset is 22.44% as of Jun. 2026, which is 93% below its 10-year median of 321.65. GuruFocus rates FRA:3IA with a GF Score™ of 52/100 and a GF Value™ of €20.72 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 364 Restaurants companies, Pizza Pizza Royalty ranks better than 99.45% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Pizza Pizza Royalty's annualizedNet Income for the quarter that ended in Jun. 2026 was €18.72 Mil. Pizza Pizza Royalty's average total tangible assets for the quarter that ended in Jun. 2026 was €83.43 Mil. Therefore, Pizza Pizza Royalty's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 22.44%.
The historical rank and industry rank for Pizza Pizza Royalty's Return-on-Tangible-Asset or its related term are showing as below:
FRA:3IA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 41.33 Med: 321.65 Max: 375.71
Current: 41.33
During the past 13 years, Pizza Pizza Royalty's highest Return-on-Tangible-Asset was 375.71%. The lowest was 41.33%. And the median was 321.65%.
FRA:3IA's Return-on-Tangible-Asset is ranked better than 99.45% of 364
companies
in the Restaurants industry
Industry Median: 2.375
vs FRA:3IA: 41.33
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Pizza Pizza Royalty Return-on-Tangible-Asset Related Terms
Pizza Pizza Royalty Return-on-Tangible-Asset Historical Data
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The historical data trend for Pizza Pizza Royalty's Return-on-Tangible-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
FRA:3IA vs MCD, SBUX, YUM: Return-on-Tangible-Asset Comparison
For the Restaurants subindustry, Pizza Pizza Royalty's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Pizza Pizza Royalty Return-on-Tangible-Asset vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Pizza Pizza Royalty's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Pizza Pizza Royalty's Return-on-Tangible-Asset falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 22.44% mean?
Pizza Pizza Royalty (FRA:3IA) has a Return-on-Tangible-Asset of 22.44% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Pizza Pizza Royalty and its competitors. This is 93% below median its historical median of 321.65. Over the past decade, Pizza Pizza Royalty's Return-on-Tangible-Asset has ranged from 41.33 to 375.71. According to the industry distribution chart, Pizza Pizza Royalty ranks #2 out of 364 companies in the Restaurants industry, placing it in the top 0.5%.
Is Pizza Pizza Royalty's Return-on-Tangible-Asset too high?
Pizza Pizza Royalty's current Return-on-Tangible-Asset of 22.44% is 93% below median its 10-year median of 321.65. Over the past 10 years, this metric has ranged from a low of 41.33 to a high of 375.71. The Restaurants industry median Return-on-Tangible-Asset is 2.38. Pizza Pizza Royalty's value of 22.44% is 844.8% above this industry median. Based on the distribution chart, Pizza Pizza Royalty ranks #2 out of 364 companies in the Restaurants industry, which is in the top quartile — a strong position relative to peers. Overall, Pizza Pizza Royalty has a GF Score™ of 52/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pizza Pizza Royalty's Return-on-Tangible-Asset compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Pizza Pizza Royalty ranks #2 out of 364 companies for Return-on-Tangible-Asset. This places Pizza Pizza Royalty in the top 1% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.38. Pizza Pizza Royalty's value of 22.44% is 844.8% above this benchmark. Historically, Pizza Pizza Royalty's own Return-on-Tangible-Asset has ranged from 41.33 to 375.71 over the past decade. While the company's 10-year median is 321.65 vs. the industry median of 2.38, Pizza Pizza Royalty has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a Restaurants company?
The median Return-on-Tangible-Asset among Restaurants companies is 2.38, based on 364 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Pizza Pizza Royalty's current Return-on-Tangible-Asset of 22.44% is 844.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Pizza Pizza Royalty and its competitors. For the Restaurants industry, the median Return-on-Tangible-Asset is 2.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pizza Pizza Royalty's current Return-on-Tangible-Asset is 22.44%, which is 93% below median its own 10-year median of 321.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pizza Pizza Royalty stock overvalued right now?
Based on GuruFocus' analysis, Pizza Pizza Royalty (FRA:3IA) is currently considered Significantly Undervalued. The stock's GF Value™ is €20.72, compared to a current price of €7.80 — trading 62.4% below its estimated fair value. The current Return-on-Tangible-Asset is 22.44%, which is 93% below median its 10-year median of 321.65 and 844.8% above the Restaurants industry median of 2.38. Pizza Pizza Royalty's overall GF Score™ is 52/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Pizza Pizza Royalty (FRA:3IA), the current Return-on-Tangible-Asset is 22.44% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Pizza Pizza Royalty (FRA:3IA) Overvalued in 2026?
Based on GuruFocus' analysis, Pizza Pizza Royalty stock appears to be undervalued.
The current stock price of €7.80 is trading 62.4% below its estimated GF Value™ of €20.72.
GuruFocus considers Pizza Pizza Royalty to be Significantly Undervalued.
Key valuation signals for FRA:3IA:
Return-on-Tangible-Asset: 22.44% (93% below median its 10-year median of 321.65)
GF Value™: €20.72 vs. price of €7.80 (62.4% below fair value)
Industry Position: 844.8% above the Restaurants median (#2 of 364)
No single metric tells the full story. See the FRA:3IA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pizza Pizza Royalty Corp through its subsidiary, Pizza Pizza Royalty Limited Partnership, owns and franchises quick-service restaurants under the Pizza Pizza and Pizza 73 brands. It receives the benefit of Pizza Pizza Royalty and Pizza 73 Royalty payable by PPL under the Pizza Pizza Licence and Royalty Agreement and the Pizza 73 Licence and Royalty Agreement, respectively, as well as royalty payments under the international agreement, indirectly through its interests in the partnership.
52GF Score
Get the complete analysis for FRA:3IA
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